All Inflation articles – Page 47
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White papersAll-time highs on equity markets in spite of (almost) everything
After a difficult end to September for global equities, October started well before a brief pause and then a sharp rebound. Inflation concerns linked to skyrocketing energy prices weighed on equity markets before strong company earnings reports brought relief. WTI crude oil rose by 11.4% to end October at USD 83.60, marking a high since October 2014.
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White papersMacro Perspectives: Supply shocks, stalling growth and inflationary surprises
In this Macro Perspectives, we explore potential policy shifts in 2022, labor dynamics, oil and gas shocks, and the implications of slower growth in China.
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White papersCommercial Real Estate and Inflation-Resistant Income
Commercial real estate (i.e. industrial, office, apartment, retail and hotel properties) offers investors an inflation- resistant source of income as well as the potential for attractive long-term returns.
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White papersOn My Mind: To work, or not to work…
Of all recent economic trends, sluggish employment growth is perhaps the most important for investors to watch, says Franklin Templeton Fixed Income CIO Sonal Desai.
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White papersFixed Income Perspectives - October 2021
The global economy maintained its positive overall trajectory, though economic indicators grew more mixed. Returns across fixed income were mostly flat to negative for the quarter as an array of developments unsettled the stock market.
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White papersA Historical Analysis of Inflation’s Impact on Real Estate
Temporary bouts of inflation have arisen throughout my 23-year career, prompting questions that result in hour long webinars and/or 20-page white papers on the matter as those bouts materialize. On the surface, concerns about inflation appear valid.
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White papersShoppers Jump-Start an Early Q4 Pickup
Stickier price pressures continue to stoke fears of U.S. inflation. Markets are currently pricing in rate hikes, which has led to increases in the short-end of the U.S. Treasury curve. The downward movement in the long-end suggests markets may be worried about a policy mistake.
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White papersThe Risks Ahead That No One Fully Understands
The economy may return to more “normal” patterns next year, but it will also bring hazards we have never seen before.
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White papersThe Brave New World
Supply chain disruptions persist, making the global reopening much less smooth. Contagious variants still weigh on activity, and vaccination levels in major emerging markets have progressed marginally. An energy price shock has added to the unpleasant mix.
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White papersInflation and supply chain disruption: Impact on the sectors
Inflation and supply chain disruptions, along with the moderating pace of the post-pandemic earnings recovery, have made us more cautious on corporate fundamentals as we enter Q3 reporting season. While we do not expect a material deterioration in credit profile on the back of these factors, the more challenging operating environment does require caution from credit investors.
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VideoUS Economic Outlook: Inflation, Growth and the Fed
Most measures of inflation are at multiyear highs. Headline inflation has gone up 5.4% over the last 12 months, and that’s a rate of increase that we haven’t seen in more than a decade.
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White papersWhen “Transitory” Becomes a “Swear Word”
The debate rages on around how best to describe current inflationary pressures, but some synonym for “not lasting” still fits best.
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White papersNatural Gas: Seven Potential Consequences of Price Surge
In recent weeks natural gas prices have increased sharply, more than doubling in the U.S. and rising roughly ten-fold in Europe and Asia (Figure 1).
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White papersHigher rates provide a second chance to play US value opportunities
Nowadays, US value trades at its steepest discount to growth since 1999. However, declining Covid-19 cases, a broad-based economic recovery, prospects of higher interest rates as we progress out of the pandemic, and the return of persistent inflation pressures should help close the valuation gap between growth and value stocks.
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White papersEurope: 6 reasons for higher inflation and faster growth
Against the spectre of soaring energy prices, labour shortages and supply chain constraints, a question that has arisen in the US has landed firmly on European shores: will inflation continue to rise and how persistent will it be?
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White papersCaution Today, Opportunity Tomorrow
We think a more cautious stance represents a prudent approach to an already volatile inflection point between early-cycle recovery and mid-cycle expansion.
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White papersThe Inflation Generation
Temporary price spikes over the past 20 or 30 years have all passed without sparking a general rise in inflation, but here are four reasons why we think this time is different.
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White papersAllocation Views: Burning US$5 bills
Our Franklin Templeton Investment Solutions team retain the view of heightened levels of inflation and persistent market worries in relation to the peaking of growth in many of the major economies.
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White papersFixed Income markets: what will be key?
Eurozone and US sovereign bond markets have partially reversed the decline recorded over the summer. The decline in yields was driven by global growth concerns and abundant liquidity. How can fixed-income investors position themselves today?
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White papersShifts & Narratives #9 - Adapting equity portfolios to a regime of higher inflation
The return of inflation is clearly one of the top themes of 2021 and the post-pandemic economic revival. In addition to the temporary effects associated with supply chain bottlenecks (semiconductors, energy, copper, etc.) during a sudden upturn, there is the question of a potential change in the inflation regime.
